Economists Are Gloomy!? Many feel a recession is coming. Wharton Business School’s Olivia S Mitchell recently addressed the challenges of retirement, especially for retirees. Key steps: First, “try to put together a […]
Major Tax Deduction changes for Reverse Mortgages: January 18, 2018 Update
Jan 18 update: added new Michael Kitces blog on acquisition vs home equity mortgage interest treatment below. BY TOM DAVISON ON DECEMBER 31, 2017 Important income tax changes in December 2017 affect reverse mortgages. The […]
Major changes in Tax Deductions for Reverse Mortgages: December 2017 Update
Dec 2017 updates: Important tax law changes
CFPB Report on Social Security Claiming and Reverse Mortgages: Slanted by Silence
The CFPB released a report on August 24 titled “Issue Brief: The costs and risks of using a reverse mortgage to delay collecting Social Security”. On a quick glance, the 26-page report […]
Reverse Mortgages Rules To Change Positively And Negatively For Retirees – from Forbes.com, by Jamie Hopkins
Jamie Hopkins’ post from Forbes.com, Sep 21, 2017 A number of recent articles stated that the government’s new reverse mortgage changes (Mortgagee Letter 2017-12) will make the program less attractive to borrowers. […]
Do you prefer a ReLOC or HELOC?
HELOCs (Home Equity Lines of Credit) are widely used. Simply having one makes many people more comfortable. My wife and I had a standby HELOC for many years – ready to use […]
Reverse Mortgages: Many Users, Many Uses
Reverse mortgages provide access to cash. Cash is the most flexible financial resource of all. In turn, access to cash makes a reverse mortgage a very flexible resource. Many homeowners could qualify […]
Understanding Reverse Mortgages: An Interview with Shelley Giordano
SOA research has shown that non-financial assets are the biggest part of retirement assets for many middle American families. The largest part of non-financial assets by far are home values. Housing is […]
Can Reverse Mortgages Hedge the Most Common Retirement Income Risks?
This is the title of an article written by Don Graves, RICP, and published by the Society of Financial Services Professionals in January 2017. Click to read the article here: SFSP-Mitigating-Risk-DG. Don points […]
Reverse Mortgage Disbursements Capped – Additional Clarification From HUD Required
From the Funding Longevity Task Force The Funding Longevity Task Force at The American College of Financial Services has been at the forefront of financial analysis demonstrating the important role reverse mortgages […]
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